Handset makers to hire around 50K people by March 2021
By MYBRANDBOOK
Under the impetus of the production-linked incentive (PLI) scheme, the handset industry is set to hire around 50,000 direct employees by March, 2021. This has encouraged global and local players to set up and expand manufacturing factories in India.
Recruiters say the blue collared workforce returning to the cities and the push for diversity has mobile makers set up hiring mandates with assurance of safe workplaces amidst Covid-19 outbreak.
Pankaj Mohindroo, president of industry body India Cellular and Electronics Association (ICEA), says, “From now till March next year, the handset industry will hire 50,000 direct employees. After the lockdown was removed, many have returned to the cities and the PLI scheme is finally taking shape. The handset sector employs around 7 lakh currently…last year about 15,000 were hired. This is because the PLI scheme was still in draft state and it was a quiet year.”
It has been estimated, domestic manufacturers including Dixon Technologies, UTL Neolyncs, Lava International, Optiemus Electronics and Micromax are expected to generate over 20,000 direct jobs by the end of December.
The estimate is a big uptick from the hiring last year, which the industry body chairman pegs down to absence of PLI.
Last month, the government approved the applications of 10 mobile phone manufacturing companies, including five foreign include Samsung, Foxconn units Hon Hai and Rising Star, Wistron and Pegatron for availing incentives under the PLI scheme totalling around Rs 41,000 crore to be disbursed over five years. The scheme offers an incentive of 4% to 6% on incremental sale of handsets over a base year – financial year 2019-20.
Recruiters say that the companies have changed their methods of hiring for the handset sector in post-Covid times. Recruiters have also noted that along with manufacturing, there is also demand from the refurbished handset sector and exports. The need is to hire employees from Industrial Training Institutes and the blue collared workforce.
BREAKING NEWS
TECHNO TRENDS
Nazara and ONDC set to transform in-game monetization with ‘
Nazara Technologies has teamed up with the Open Network for Digital Comme...
Jio Platforms and NICSI to offer cloud services to government
In a collaborative initiative, the National Informatics Centre Services In...
BSNL awards ₹5,000 Cr Project to RVNL-Led Consortium
A syndicate led by Rail Vikas Nigam Limited (abbreviated as RVNL), along wi...
Pinterest tracks users without consent, alleges complaint
A recent complaint alleges that Pinterest, the popular image-sharing platf...
E-Magazine
TECHNOTAINMENT
Netflix adds 'Moments' feature for saving, sharing scenes from
Netflix has introduced a new “Moments” feature on its mobile app, whic
Jacqueline Fernandez come together with YouTuber Mr. Beast for
Jacqueline Fernandez has partnered with American YouTuber Mr. Beast to b
MOVERS & SHAKERS
Visa elevates Rishi Chhabra as new Country Manager for India
Rishi holds a Master’s in Industrial Engineering from The Ohio State Univ
Genesys welcomes Albert Nel as Senior VP and Regional Sales Le
Genesys continues to deepen its investment in the APAC region. Earlier this
OPEN YOUR EYES
INTERVIEWS
Bolstering its commitment to help build a truly self-reliant B
CP PLUS is dedicated to spreading a sense of security to every corner of In
In India, 88% of Indian business leaders are planning to inves
As we move through 2024, it has become increasingly clear that AI is not ju
HOT PICK
SonicWall Launches TZ80: A Powerful Solution for Remote Office
SonicWall announced today the launch of the TZ80, a groundbreaking securit
Gigabyte X3D Turbo: A Gaming Revolution
GIGABYTE X3D Turbo Mode is a cutting-edge feature that unifies cores distr
MAKE IN INDIA BRANDS
NUMERIC INDIA, A Group Brand Legrand
DIGISOL SYSTEMS LTD.
TP-LINK INDIA PVT. LTD.
ACER INDIA PVT. LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Icons Of India : NEERAJ MITTAL
He started his career as an IAS Officer in 1992. He has held various a...
Icons Of India : Deepak Sharma
Deepak Sharma spearheads Schneider Electric India. He brings with him ...
Icons Of India : RAJENDRA SINGH PAWAR
Rajendra Singh Pawar is the Executive Chairman and Co-Founder of NIIT ...
PARTNER SPEAKERS
PSU
CSC - Common Service Centres
CSC initiative in India is a strategic cornerstone of the Digital Indi...
C-DOT - Center of Development of Telematics
India’s premier research and development center focused on telecommu...
PFC - Power Finance Corporation Ltd
PFC is a leading financial institution in India specializing in power ...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - Steve Sanghi, Executive Chair, Microchip
Steve Sanghi, the Executive Chair of Microchip Technology, has been a ...
Indian Tech Talent Excelling The Tech World - AJAY BANGA, President - World Bank
Ajay Banga is an Indian-born American business executive who currently...
Indian Tech Talent Excelling The Tech World - Lal Karsanbhai, President & CEO, Emerson
Lal Karsanbhai, President and CEO of Emerson, assumed the leadership i...
STARNITE AWARDS 2024
ITFORUM 2024
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
